Does State Farm Cover Solar Panels

Homeowners insurance typically offers protection against certain risks often called perils such as theft or damage from wind or fire.

Does state farm cover solar panels.

Unfortunately my carrier state farm notified me last month that as of october 1 for all new policies written in the us they will no longer cover the loss of or liability from systems and equipment used to generate electrical power exceeding 125 of the actual power usage by the residential premises in the 12 month period prior to the date. One insurance company that offers solar panels insurance cover is state farm insurance. On the same manner that other companies don t cover floods and earthquakes coverage of wind damage to your solar panels is a good question for your insurer. That means that in many cases covering your solar panels under your home insurance won t create the need for a special add on or rider won.

However before you decide to cover your rooftop with panels you ll want to make sure that your current. Being a piece of electrical equipment solar panels are subject to manufacturer s warranty and certainly not by your home insurance. Here solar panels are considered as fixed attachments alongside things like decks porches and attached garages. Department of energy s national renewable energy laboratory nrel.

Therefore these are covered under the home insurance policy and you don t need any additional premium or a separate policy. It goes without saying that solar panels are a great option for the eco minded but solar panel systems otherwise known as photovoltaic pv systems also allow you to save money on your electricity bill and can increase the value of your home. Normal wear and tear. Solar panels and home insurance.